FTSE 100 down ahead of G20 Summit

<p>The FTSE 100 is down 50 points today, trading at 5443 after tracking falls in Asia as leaders of the world’s biggest economies gather in […]</p>

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  • The FTSE 100 is down 50 points today, trading at 5443 after tracking falls in Asia as leaders of the world’s biggest economies gather in France for the G20 Summit, set to be dominated by the threat of Greece falling out of the Euro zone.
  • Leaders of France and Germany have told Greek PM George Papandreou that Athens would not give another cent in aid until it decides whether it wants to stay in the Euro zone – the Greek PM is confident that people will vote to stay in – however the markets aren’t as confident.
  • Yesterday, the US Federal Reserve offered no new stimulus, but said it was considering the possibility of buying more mortgage debt to help recovery.
  • In economic data, keep an eye out for initial US jobless claims at 12.30PM (UK time) and the much-awaited non-farm payrolls tomorrow.

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